20,000 Shares in Hilton Grand Vacations Inc. (NYSE:HGV) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,000 shares of the company's stock, valued at approximately $804,000.

Several other hedge funds have also recently bought and sold shares of the business. Assenagon Asset Management S.A. purchased a new position in Hilton Grand Vacations in the fourth quarter valued at approximately $1,529,000. Nordea Investment Management AB raised its stake in shares of Hilton Grand Vacations by 2.6% during the fourth quarter. Nordea Investment Management AB now owns 249,812 shares of the company's stock valued at $10,012,000 after purchasing an additional 6,223 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of Hilton Grand Vacations by 86.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 27,282 shares of the company's stock valued at $1,110,000 after purchasing an additional 12,674 shares during the period. Wesbanco Bank Inc. purchased a new stake in shares of Hilton Grand Vacations during the third quarter valued at approximately $1,021,000. Finally, Wellington Management Group LLP raised its stake in shares of Hilton Grand Vacations by 5.4% during the third quarter. Wellington Management Group LLP now owns 422,513 shares of the company's stock valued at $17,196,000 after purchasing an additional 21,565 shares during the period. Hedge funds and other institutional investors own 97.23% of the company's stock.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 23,000 shares of Hilton Grand Vacations stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total value of $1,046,270.00. Following the completion of the transaction, the insider now owns 140,618 shares of the company's stock, valued at $6,396,712.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Jorge Pablo Brizi sold 28,000 shares of the business's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the transaction, the insider now owns 51,855 shares of the company's stock, valued at $2,437,185. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Charles R. Jr. Corbin sold 23,000 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the transaction, the insider now directly owns 140,618 shares of the company's stock, valued at approximately $6,396,712.82. The disclosure for this sale can be found here. Insiders sold a total of 89,557 shares of company stock valued at $4,142,832 over the last 90 days. 2.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HGV shares. Truist Financial lifted their price objective on shares of Hilton Grand Vacations from $66.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, March 15th. JPMorgan Chase & Co. started coverage on shares of Hilton Grand Vacations in a research note on Monday, April 15th. They set an "overweight" rating and a $59.00 price objective on the stock. JMP Securities reiterated a "market outperform" rating and set a $55.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Mizuho started coverage on shares of Hilton Grand Vacations in a research note on Tuesday, March 26th. They set a "buy" rating and a $63.00 price objective on the stock. Finally, Barclays lifted their price objective on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Hilton Grand Vacations currently has an average rating of "Moderate Buy" and a consensus target price of $58.57.

Hilton Grand Vacations Stock Down 0.2 %

Shares of NYSE:HGV traded down $0.07 during midday trading on Friday, reaching $44.34. The company had a trading volume of 442,651 shares, compared to its average volume of 516,622. The company has a debt-to-equity ratio of 2.13, a current ratio of 4.34 and a quick ratio of 3.10. The stock's fifty day moving average price is $45.35 and its 200-day moving average price is $41.29. The stock has a market capitalization of $4.64 billion, a P/E ratio of 15.84, a PEG ratio of 0.87 and a beta of 1.93. Hilton Grand Vacations Inc. has a one year low of $33.13 and a one year high of $49.02.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Hilton Grand Vacations had a net margin of 7.87% and a return on equity of 19.06%. The business's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. Equities research analysts expect that Hilton Grand Vacations Inc. will post 4.35 earnings per share for the current fiscal year.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.